Tarneit West Village

Overview

GLA: 5,020 sqm

Sector: Retail

Grade: Neighbourhood centre

Fund ownership stake: 100%

Asset composition: Coles, Liquorland, 11 specialty retailers

Neighbourhood shopping in fast growing suburban area

Tarneit West Village is a neighbourhood centre anchored by Coles and complemented by Liquorland and 11 retailers. Spanning 5,020 square metres with 224 car parks, the centre provides everyday shopping options for the local community.

Located 25 kilometres west of the Melbourne CBD, Tarneit is one of outer Melbourne’s fastest growing suburbs, with the population forecast to increase by 164% between 2020 and 2041, reaching more than 131,000 residents. The Tarneit activity centre has also been classified as a ‘Major Activity Centre’ in Plan Melbourne, with its purpose being to fulfil and service anchor retail, services and businesses needs in the local community.

The centre’s specific trade area encompasses 57,884 residents, which is expected to grow by 3.7% annually between 2026 and 2031, well above Greater Melbourne’s average of 1.9%*. The area reflects a dynamic and young family-focused community, positioning Tarneit West Village as a valued local hub in one of Melbourne’s most in-demand growth corridors.

*Source: Location IQ, 2022